Shell, Equinor Complete Deal to Combine UK Offshore Oil, Gas Operations

MT Newswires Live12-01

Shell (SHEL) and Equinor (EQNR) said Monday they closed a deal to combine their UK offshore oil and gas operations to establish a new company.

The newly formed Adura, which will be equally owned by Shell and Equinor, assumes the companies' interests in 12 producing oil and gas assets and projects in execution.

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